What is copy trading and how does it work? Guide 2022

What is copy trading?

Copy trading is the art of “cutting and pasting” the success of someone else, who knows what they are doing in the stock market. It is one of the tools you can use to practice and learn. And here we bring you some reasons why copy trading is an interesting way to practice trading:

It is safe. It is anonymous. It can be practiced in the dark. Does not require real-time access to the account. Offers the


to invest with small increments of money. No prior trading experience required. It gives you access to buy and sell in a fraction of a second.

How can I start copying trades?

Step 1 – Determine your budget. Step 2 – Choose the traders you want to copy, based on their trades and success rate.

Incredible, in just two steps!

How can I choose an operator?

There are several types of carriers you can choose from. There are investors who operate at

long term

, investing in companies that they believe will increase in value over time. Although this profile is safer to copy, it will take time to see benefits, and your investment will be at risk for much longer.

Then there are the active traders who practice


. These traders are more volatile in terms of stock prices, and they generate so many trades that the risk percentage is higher.

In either case, to choose an operator, you must first look for one with a good net return.

Where to copy trade?

There are several platforms to learn copy trading, but a very good and useful one is NAGA, where you can find thousands of trading strategies designed by professionals that can help you make a lot of money in a short time. Also, Naga is a good starting point to learn how to copy trading works, thanks to its demo account with €10,000 so you can trade without risk, before moving on to real trading.

As you can see, it is easy to put copy trading into practice and it can increase your profits if you are willing to work at it. By working just like a social network, you can better identify which profiles you are most interested in following for


and keep improving as a trader. Join to NAGA where you can learn from the best traders and get better returns.

Leave a Comment